Course Title: Undertake small business planning

Part B: Course Detail

Teaching Period: Term2 2014

Course Code: BUSM6406C

Course Title: Undertake small business planning

School: 345T Media and Communication

Campus: City Campus

Program: C4276 - Certificate IV in Sound Production

Course Contact : Program Administration

Course Contact Phone: +61 39925-4815

Course Contact Email:mcvet@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Teacher: Elena Popa
Phone: 9925-4815
Email: elena.popa@rmit.edu.au



Nominal Hours: 50

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

This course is designed to develop the skills and knowledge required to research and develop a business plan for achieving business goals and objectives.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBSMB404A Undertake small business planning

Element:

Element 1 Identify elements of a business plan

Performance Criteria:

1.1  Identify purpose of the business plan
1.2 Identify and review the essential components of the business plan
1.3 Identify and document business goals and objectives as a basis for measuring business performance

Element:

Element 2 Develop a business plan

Performance Criteria:

2.1   Research resources, legal and compliance requirements, specifically in relation to occupational health and safety (OHS), in accordance with business goals and objectives.
2.2   Research market needs, and market size and potential
2.3   Identify sources and costs of finance, from the financial plan, to provide required liquidity and profitability for the business
2.4   Identify methods, from the marketing strategies, to promote the market exposure of the business
2.5   Identify methods/means of production/operation from the production/operations plan to conform with business goals and objectives
2.6   Identify staffing requirements to effectively produce/deliver products/services
2.7  Identify specialist services and sources of advice, where required, and cost in accordance with resources available 

Element:

Element 3 Develop strategies for minimising risks

Performance Criteria:

3.1  Identify specific interests and objectives of relevant people and see and confirm their support of the planning business direction
3.2  Identify and develop risk management strategies according to business goals and objectives, and relevant legal requirements
3.3  Develop contingency plans to address possible areas of non-conformance with the plan


Learning Outcomes



On successful completion of this unit, you will be able to identify the research and planning required to develop of Business Plan for a small business.


 


Details of Learning Activities

In class activities :-
Lectures
Group discussion
Class exercises
Class presentations
Workshopping
 

Out-of-class activities :-
Online research
Interviews
Excursion

NOTE

This class runs for 8 - 10 weeks, and commences week 3 of semester 2 for semester 2 intake
 

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Teaching Schedule

Week      Class content      Elements
Week 3Course overview and assessment
Psychology of business – motivation, barriers to success, goal setting.
Developing a concept for a business
 Element 1
1.1,1.2,1.3
Week 4Personal career audit
SWOT analysis
Business planning – establishment costs
Obtaining an ABN/Tax File Number/Business Name
Business plan template
 
 Element 1
1.1,1.2,1.3
Week 5Business and legal requirements.
Choosing an appropriate business structure
The use of advisors – lawyers, accountants, government agencies, consultants
O.H. & S. requirements
Services offered by Business Victoria
Formative Assessment - Career AuditElement 2
2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7
Week 6The strategies of marketing
Defining a market for your product/service
Business and legal requirements.
Choosing an appropriate business structure
Sourcing grants/mentoring
 Element 2
2.2, 2.3,2.4
Week 7Writing a business plan
Purpose of the components of the plan
Layout and presentation of the plan
Online researchElement 1
1.2, 1.3
Week 8Excursion – Business VictoriaFormative Assessment - Excursion
This date could change depending on availability
at Business Victoria
Element 1
1.1, 1.2, 1.3,

Element 2
2.7

Week 9

Development of Business Plan
Refining Plan
Plan the presentation

Draft PlanElement 1
1.1-3

Element 2
2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7

Element 3
3.1, 3.2, 3.3

Week 10Presentation of Business Plan
Peer group assessment
Summative Assessments
1. Business Plan
2. Presentation
 


Learning Resources

Prescribed Texts


References


You are advised to look at the course Blackboard site for ongoing updated information.


Other Resources

N/A


Overview of Assessment

Assessment will demonstrate the research and creation of a small business concept relevant to the Music Industry.

 


Assessment Tasks

You must submit all pieces of assessment in order for your competency to be assessed in this course.

Assessment tasks in this course are either formative or summative. Formative tasks provide the basis for ongoing feedback and can be considered essential building blocks for the more substantial summative assessment tasks.  Summative assessment tasks in this unit are graded.  To demonsrate competency in this course you need to complete each of the following pieces of assessment to a satisfactory standard.   You will receive feedback on all assessment.

Formative Assessment
• Career Audit - Week 5
• Excursion - Week 8

Summative Assessment
Group assessments (all group members to contribute to each assessment): –
• Prepare and submit a written Business Plan to identify a small business
concept relevant to the Music Industry - Week 10
• Presentation of Business Plan - Week 10

A peer group assessment will be conducted in week 10 - group marks will be adjusted if
students within each group have not contributed to both parts of the assessments.




For further information on the grading system and criteria used, please refer to the course blackboard site.

CHD Competent with High Distinction
CDI   Competent with Distinction
CC    Competent with Credit
CAG Competency Achieved - Graded
NYC Not Yet Competent
DNS Did Not Submit for Assessment
 


Assessment Matrix

The assessment matrix demonstrates alignment of assessment tasks with the relevant Unit of Competency. These are available through the course contact in Program Administration

 

 

 

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Other Information

Cover Sheet for Submissions
You must complete a signed submission cover sheet for every piece of submitted work. This signed sheet acknowledges that you are aware of the plagiarism implications.

Attendance
The major learning experience involves an understanding of the role of planning and the research needed to develop a strong and relevant business concept. Assessment is based on group exercises so It is strongly advised that you attend all sessions in order to engage in the required learning activities, ensuring the maximum opportunity to achieve competency in this unit.

Feedback - You will receive verbal and written feedback from teachers on your work. Where appropriate, this feedback will also includes suggestions on how you can proceed to the next stage of developing your projects.
Refer to policy on student feedback at RMIT

Student Progress
Monitoring academic progress is an important enabling and proactive strategy to assist you to achieve your learning potential. Refer to student progress policy

Special consideration Policy (Late Submission)
All assessment tasks are required to be completed to a satisfactory level. If you are unable to complete any piece of assessment by the due date, you will need to apply for an extension. You can apply in writing for up to a week’s extension from your course teacher. If you need a longer extension, you wil need to apply for Special Consideration. Special Consideration, appeals and discipline


Academic Integrity and Plagiarism - RMIT University has a strict policy on plagiarism and academic integrity. Please refer to the website for more information on this policy go to Academic Integrity


Work Placement:
It is a requirement of this program that all students participate in authentic work related tasks. These may be either simulated or in a real work environment. On occasion, we are approached by industry and given opportunities for students to apply for short term placements. When these placement opportunities arise, students are required to negotiate the specific details with the relevant program coordinator or teacher. All industry placements require students, RMIT staff and host organisations to sign a written agreement prior to the commencement of the placement.
 

Course Overview: Access Course Overview